/ world today news/ The world is witnessing an “erosion of confidence” in the dollar and euro, with countries doubting their reliability and looking to make payments in national currencies, Russian President’s press secretary Dmitry Peskov said on Sunday.
“We are witnessing such madness of sanctions enthusiasm – Russia is under the greatest sanctions pressure,” he said in an interview with the Moscow.Kremlin.Putin program on the Rossiya-1 TV channel.
He recalled that Russia’s currency reserves in other countries were frozen.
“The process started before this, but this only accelerates the process of erosion of the world’s reserve currency. This is an erosion of trust in the dollar and the euro, which have always been a kind of backbone for all international payments,” said Peskov.
“More and more countries are doubting the reliability of the dollar and the euro and are considering options for settlement in national currencies,” he said.
“There is no stopping this process, it will only intensify,” the spokesman added.
According to Peskov, it is obvious that “a new system, different from that of Bretton Woods” will be created in the end.
Translation: SM
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